RealtyAds is a digital marketing platform that is using AI to help the commercial real estate industry more successfully market their buildings, brokers, and brands to key, target audiences. Trevor Marticke: After graduating from Colgate University with a focus in Political Science and Economics, Trevor moved to Chicago and began his real estate career. He worked as a Tenant Advisor for Transwestern Commercial Services representing companies looking for office space. After 3 years, Trevor and his team were recruited to Cushman & Wakefield to grow their practice globally and continue representing firms as their real estate advisors. Over his career Trevor worked on transactions as far reaching as Sydney, Australia and sourced / executed more than $350mm in total transaction value.
Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. A man talks on his phone (bottom) as buildings are reflected in the glass on Madison Avenue in New York. Silicon Valley may be the technology hub of the United States, but there are exciting things happening in tech around the country as well, including several real estate startups cropping up in New York that could have national implications.
Over the next 20 years, there will be few industries and professions that will have not been significantly impacted by the presence and power of Artificial Intelligence (AI). The next AI frontier is real estate which, if one follows the money, makes perfect sense: In 2017, real estate accounted for a whopping 13.4 percent of the GDP. The challenge for AI, however, is whether it can competently assume the roles of humans in a profession that is heavily dependent on providing the personal touch to the buyer and seller in every transaction. Tell that to Skyline AI, which offers an AI platform with a diverse range of real estate-centric applications that are supposed to make the professional more efficient and the clients more satisfied. Skyline's AI platform professes to be able to: While these tasks may replace human function, they are still far short of the relationship building that has thus far been the exclusive domain of humans.
Subscribe to our RSS feed to get the latest realty news. You can get our headlines via email as well, or follow us on Twitter. The end goal of real estate agents never changes – they want to buy and sell homes for their clients, in the fastest time possible, for the best possible price. But one thing that does change is the tools of their trade, and one that has massive potential is Artificial Intelligence. Technologies that utilize AI are fairly common already.
When you look at a staple industry like real estate, it's challenging to imagine any trend producing significant change across the board. But when you study the role of big data, it's hard to see it as anything other than a catalytic force for positive transformation. Traditionally, real estate was all about networking and building connections. Handshake deals were common, and it was often the individual who spent the most time sitting with bankers, landowners, developers, and other investors who had the most success. In other words, you had to be married to the game to be a highly successful figure in the real estate industry.